Digital Services Tax Regulations (2024, c. 15, s. 97)

Interpretation

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Digital Services Tax Act. (Loi)

quarter

quarter means any period of three consecutive months beginning on January 1, April 1, July 1 or October 1. (trimestre)

Prescribed Rates of Interest

Marginal note:Interest to be paid to the Receiver General

• 2 (1) For the purposes of every provision of the Act that requires interest at a prescribed rate to be paid to the Receiver General for Canada, the prescribed rate in effect during any particular quarter is the total of

  • (a) the rate that is the simple arithmetic mean, expressed as a percentage per year and rounded to the next higher whole percentage if the mean is not a whole percentage, of all amounts each of which is the average equivalent yield, expressed as a percentage per year, of Government of Canada Treasury Bills that mature approximately three months after their date of issue and that are sold at auctions of Government of Canada Treasury Bills during the first month of the quarter preceding the particular quarter, and

  • (b) 4%.

• Marginal note:Interest to be paid by the Minister

  (2) For the purposes of every provision of the Act that requires interest at a prescribed rate to be paid or applied on an amount payable by the Minister to a person, the prescribed rate in effect during any particular quarter is the rate determined under paragraph (1)(a) in respect of the particular quarter.

Prescribed Thresholds

Marginal note:Global revenue threshold

3 For the purposes of the Act, the amount of the “global revenue threshold” is €750,000,000.

Marginal note:In-scope revenue threshold

4 For the purposes of the Act, the amount of the “in-scope revenue threshold” is $20,000,000.

Marginal note:Registration threshold

5 For the purposes of Part 6 of the Act, the amount of the “registration threshold” is $10,000,000.

Prescribed Rate of Tax

Marginal note:Rate

6 For the purpose of the description of B in subsection 10(2) of the Act, the rate prescribed in respect of a taxpayer is 3%.

Prescribed Deduction

Marginal note:Deduction amount

7 For the purpose of Part 4 of the Act, the “deduction amount” is $20,000,000.